Flatirons

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Flatirons
Greetings!   
Happy New Year!  I hope that 2013 finds you and your family well.
Just a few quick thoughts on the market as we begin a new year:  

The Outlook From Here 

The Boulder County real estate market ended strong in 2012. For the fourth year in a row I found myself very busy in December. I'm optimistic about the market continuing to pick up speed in 2013. Excellent conditions continue to exist for buyers and it's worth your while to take advantage of them - either making a move or investing. Interest rates continue to be historically low, so now is a good time to buy or refinance. For sellers, getting on the market now -- instead of waiting for the traditional Spring selling rush -- will likely net a better price. The ratio of listings to buyers is lower in the first quarter, and this generally results in a higher sense of urgency for buyers and a better environment for sellers.

 

Successful deals in this market take time, knowledge, patience and persistence. This is the kind of real estate I've been practicing my entire career. I've never hurried anyone into a deal or pushed a sale that didn't make sense. If you or any of your family or friends want a trusted adviser who will always keep your best interests at the forefront, please give me a call. As always, I appreciate your referrals.
 
Best,
Rich
By The Numbers

Median

Sales Price

2009

Median

Sales Price

2010

Median
Sales price

2011

Median

Sales Price

2012

Residential

 

 

 

 

   Boulder

525,000

535,000

545,000

570,000

   Louisville

355,000

395,000

380,500

395,000

   Lafayette

314,000

310,000

320,000

358,000

   Longmont

220,000

228,000

220,000

234,000

   Gunbarrel

429,000

425,000

400,000

402,500

   Niwot

608,000

540,000

636,250

612,000

   Superior

396,500

412,000

374,000

410,000

   Broomfield

321,000

334,290

321,415

321,000

   Erie

315,000

323,000

303,801

330,000

   Mountains

360,000

365,000

316,000

350,000

Condos &

Townhomes

 

 

 

 

   Boulder

240,000

255,000

245,000

255,000

   Louisville

207,000

185,700

185,500

202,950

   Lafayette

171,000

167,500

184,000

196,000

   Longmont

169,900

163,000

165,000

161,000

   Gunbarrel

159,900

168,000

154,500

161,500

   Superior

210,000

220,000

220,000

180,000


Your Personal Real Estate Review

Now is an opportune time to review your real estate portfolio and set goals, both short term and long term. I can help.  I'd be happy to discuss your goals and prepare an analysis  of your real estate holdings.  It might be time to make a move, venture into income property or diversify other investments into real estate. Call me any time.

Current Interest Rates

30 Year Fixed Conforming                   3.375%

5/1 ARM Conforming                             2.5%

15 Year Fixed Conforming                   2.75%

30 Year Fixed Jumbo                            3.75%

5/1 ARM Jumbo                                     2.875%

7/1 ARM Jumbo                                     3.125%

 

Rates provided by Calvin Cox at Bank of Commerce Mortgage / 303-931-8360

JANUARY 2013
Rich Gribbon
In This Issue
Market Outlook
Median Sales Prices
Personal Real Estate Review
Interest Rates
Buying & Selling 

Refinancing 

 

Leveraging equity to buy investment property

 

1031 Exchange

 

Real estate as a retirement strategy 

 

Using your IRA for real estate investing

 

Real estate for college savings  

 

Buying real estate for college-age children to live in while at school

 

Helping parents relocate or transition to a new housing situation

 

Purchasing vacation property in ski country, tropics or other resorts.

 

Finding a quality realtor to help with a transaction outside our market

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2425 Canyon Blvd. Suite 110 Boulder, CO 80302
T: 303.441.5685  C: 303.931.6979   F: 303.449.8554
richgribbon.com